Merdeka joins Lion in Pani JV

LION Selection Group has welcomed Indonesian specialist mining house Merdeka Copper Gold as its new partner in the Pani Joint Venture, after Provident Capital offloaded its 66.6% stake in the long-stalled development for US$55 million.

Merdeka joins Lion in Pani JV Merdeka joins Lion in Pani JV Merdeka joins Lion in Pani JV Merdeka joins Lion in Pani JV Merdeka joins Lion in Pani JV

Pani

Provident is a major shareholder in Merdeka, which it helped found in 2012 to help develop operations such as the 155,000-170,000 ounce per annum Tujuh Bukit oxide heap leach project on East Java.

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